Yue Yuen fiscal first quarter sales increased 17.6% to $878.0 million and net profit increased by 16.0% to $85.9 million for the period. Due to the adoption of new Hong Kong Financial Reporting Standards, however, net profit was restated to $74.0 million
Tag: Supplier
Yakima Finds a New Vision in its New Home…
In May of last year, Confluence Watersports completed a deal that once again changed the face of the paddlesports imarket, acquiring the paddlesports division of their largest competitor, Watermark. At the time, Jim Clark was president and CEO of Watermar
Forzani Sees Strong 2005, but Misses EPS Target…
Forzani continues to reap the benefits of the restructuring and remodeling efforts made early in the year. The company has now posted two quarters in a row of double digit corporate comparable store sales growth, with third quarter comps up 11% and Q4 up
Adams Golf Q4 Sales Jump; Year Down Slightly…
Adams Golf, Inc. posted strong sales increases to finish out the year, but not strong enough to counteract a sales decrease that was carried through the first nine months of the year. Despite the slight sales increase for the year, the company managed to
Academy Snowboards is Big in Japan
Academy Snowboards has increased its sales penetration into Japan this season by more than 100%, according to Execute Sports, the brands parent company, with an initial order of 800 boards through First MMT Co. Ltd…
Conservation Alliance Gives $250,000 in Grants
The Conservation Alliance sent checks totaling $250,000 to ten organizations working to protect wild places throughout North America. The donations marked the Alliance’s first disbursal of funding for 2006, and the largest single round of funding in the o
Fromson Joins REI as VP of Gear and Apparel
Outdoor retailer Recreational Equipment, Inc. (REI) has hired industry veteran Lee Fromson to head the company's Gear and Apparel product group as its vice president. Fromson will join REI on April 1. REI's Gear and Apparel team develops, desig
Gatorade and Powerade Settle Ad Lawsuit
PepsiCo's Gatorade has reached an out-of-court settlement with Coca-Cola resolving the lawsuit filed on Monday in Chicago's U.S. District Court. The move follows Coca-Cola's agreement to immediately terminate the airing of one Powerade Opti
Paul Frank Suing Former Company
Paul Frank, whose full name is Paul Frank Sunich, is suing the company he helped create and which fired him in November. He claims both that he was terminated without reason and that he is being denied his proper share of the profits…
SGMA: Sports Licensed Sales Near Record Highs in 2005
According to the SGMA, sales of sports licensed merchandise rode a wave of strength in 2005 that neared the sales seen during the boom of the mid-90's. Retail sales in the U.S. and Canada during 2005 in the sports licensed products category increased
Marriott Gold Appoints New Head Golf Pro
Marriott Golf promoted Charles Sheppard to Head Golf Professional at the Grande Pines Golf Club, in Orlando, Florida. In his new role, Sheppard will be responsible for overseeing all golf shop operations, retail merchandising, outings and tournament coord
Gander Moves into Florida and West Virginia
Gander Mountain Company signed leases for two new outdoor lifestyle specialty stores to open in the fall of 2006. One of the new stores will be located in Lake Mary, Florida, just north of Orlando, and the other will serve Charleston, West Virginia…
Post Resigns From Obermeyer; New Management Team Formed
Klaus and the Obermeyer family have built a new team to pursue Sport Obermeyer's goals for the future. Joining Klaus Obermeyer, CEO, is: Wally Obermeyer, Vice-chairman of the Board; Susan Obermeyer-Strauss, Creative Director; Kathy Buzbee, Vice Presi
Finish Line Charges Stymie Q4 Profit Growth; Lowers Guidance
The Finish Line, Inc. saw net sales increase 10% to $399.2 million for the fourth quarter compared to $361.4 million during the same period last year. Comparable store net sales were flat for the quarter after an 8% increase last year. Net income for Q4 w
Colorado ‘Romp to Stomp’ Event Raises $65,000
Over 1500 people attended the fourth annual Romp to Stomp Out Breast Cancer event at the Frisco Nordic Center in Frisco, CO and raised over $65,000 for the Denver Metropolitan Affiliate of the Susan G. Komen Breast Cancer Foundation. This is an increase o
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